I really don't think we have. When I was growing up in the 90s it was the heyday of the pop single but there were still plenty of albums being produced and I think it's the same today.
No, the game has changed. Back then, the singles were typically accompanied by an album, even if it was just filler. It's better to release singles now due to the way the Spotify and iTunes algos work. Best practice is now to release your songs one at a time rather than a full album (at least if you aren't an established player).
> there were still plenty of albums being produced and I think it's the same today.
agreed with this, I would almost go so far as to say there are more full length albums being created than ever before.
I think it's an AI-generated response.
I can tell you that myself (and many others) still create concept albums as our primary format. It's not that people aren't still creating it.
The choice is still there for any listener that cares about albums as a format. I don't mean that in a negative way. I suspect that many people listen to both playlists of singles, and albums of their favourite artists, depending on mood.